4.7 Allocation of RainbowCity Treasury Revenue
RainbowCity Foundation is the initiating entity of FireDAO. Prior to the complete issuance of FDT, the allocation of ecological revenue is coordinated by RainbowCity Foundation and not distributed to the ecosystem. After the full issuance of FDT, the revenue generated by the FireDAO project and submitted to the RainbowCity Foundation Treasury will be allocated according to the following principles. The allocation ratio may be adjusted based on the actual operation of the ecosystem.
RainbowCity Treasury Revenue Allocation Principles
(The allocation is subject to change based on actual operation)
Category | Ratio | Rules |
| 15% | This fund will be automatically transferred to the RainbowCity Foundation Vault account, which belongs to the RainbowCity Foundation, and the Foundation will be responsible for the construction of the entire RainbowCity ecology. The use of this fund does not need to be announced to the community. |
| 15% | This fund will be automatically transferred to the FireDAO community vault account and belongs to the community. In the early stage, the RainbowCity Foundation will manage and use it on its behalf, and it needs to be publicized to the community when using it. In the future, after the community governance DAO is launched, the community will vote to determine the direction of use in the form of a referendum. |
| 15% | The funds will be automatically transferred to the FireSeed Labs team vault, owned and used by the FireSeed Labs team. The use of this fund does not need to be publicized to the community. |
| 10% | This fund will be automatically transferred to the community ecological operation fund account, which is mainly used for the operation of the entire community ecology. In the future, the community will establish 12 guilds to promote the development and operation of the ecology from different levels. By then, the funds will be authorized to use by each guild. Before FDT is officially launched, this part of the share belongs to the RainbowCity Foundation for overall management and use. |
| 5% | This fund will be automatically transferred to the buyback and burn fund account. Any DAO member whose FID reputation points reach 100,000 points can freely use this fund to buyback and burn FDTs, and meanwhile obtain certain rewards. This fund will be divided into two pools, each with 50% of the funds: one is the real-time buyback pool, which can be used for normal buyback and burn; the other is the emergency buyback pool, when the FDT currency price drops by 20% on the day, the buyback and burn can be triggered under the following conditions. Before FDT is officially launched, this part of the share belongs to the RainbowCity Foundation for overall management and use. |
| 15% | This fund will be automatically transferred to the FDT liquidity fund account, repurchasing FDT from the market and forming an LP, injecting it into the liquidity pool of the WETH/FDT main trading pair, continuously increasing the liquidity of this trading pair. Before FDT is officially launched, this part of the share belongs to the RainbowCity Foundation for overall management and use. |
| 5% | This fund will be automatically transferred to the FLM liquidity fund account, repurchasing FLM from the market and forming LP, injecting into the liquidity pool of WETH/FLM main trading pair, continuously increasing the liquidity of this trading pair. Before FDT is officially launched, this part of the share belongs to the RainbowCity Foundation for overall management and use. |
| 5% | The funds will be automatically transferred to the Citynode Promotion Competition Fund account. This competition will set up three rankings on the basis of weekly, monthly and annually. The allocation ratio of funds is 50% for the weekly ranking, 30% for the monthly and 20% for the annual. Each ranking only awards the top 49. At the same time, the winner must meet the minimum point standard for each ranking. If the points do not meet the minimum standard, the reward will enter the incentive pool of the next cycle. Before FDT is officially launched, this part of the share belongs to the RainbowCity Foundation for overall management and use. |
| 5% | The funds will be automatically transferred to the FireSeed Promotion Competition Fund account. There are three rankings for this competition: weekly ranking, monthly ranking and annual ranking. The proportion of fund allocation is 50% for the weekly ranking, 30% for the monthly and 20% for the annual. Each ranking reward the top 49. At the same time, winners must meet the minimum point standard for each ranking award. If the points do not reach the corresponding standard, the reward will enter the incentive pool of the next cycle. Before the promotion competition is officially launched, this part of the share belongs to the RainbowCity Foundation for overall management and use. |
| 10% | This fund will be automatically transferred to the ecological revenue incentive fund account. The fund will award the funds according to the weight of SBT-001. The contract can be executed once every 24 hours. Anyone whose FID Reputation score reaches 100,000 points can call the contract to realize the distribution of bonuses. Token rewards can be obtained every time the contract is called. At the same time, only users with 100,000 SBT-001 are eligible to enjoy incentives. This allows users with a high number of SBT-001 to be allocated more rewards, while those users with a low number have to work hard to meet the minimum standard. Before FDT is officially launched, this part of the share belongs to the RainbowCity Foundation for overall management and use. |
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